Korean, Chinese TV Brands ‘Signaling’ Aggressive Q3 Panel Buying, Says Omdia

TV display panel makers are expecting a “robust” Q3 rebound as TV makers prepare to boost their orders by 20%, reported Omdia Tuesday. Panel orders from TV makers are forecast to rise to 45.8 million units in Q3 from 38.3 million in Q2. Order growth in Q2 was “uncharacteristically flat,” with shipments rising only 2%, it said. TV makers at the height of the global pandemic in March and April “were forced to curb their ambitions of boosting their display panel purchasing volumes,” said Omdia. The leading Korean TV brands resumed panel buying in late April, it said: “These companies and their Chinese competitors are signaling very aggressive purchasing plans for the third quarter.”